Three Senior Executives Depart from Binance Three senior executives at Binance, including the general counsel, chief strategy officer, and SVP for compliance, have announced their departure from the company. Market analysts interpret this as a sign of managers leaving a sinking ship. However,…
BarnBridge DAO Faces SEC Investigation BarnBridge DAO, a small DeFi protocol, is under investigation by the U.S. securities regulator, the Securities and Exchange Commission (SEC). The DAO’s lawyer, Douglas Park, advised all BarnBridge-linked products to halt operations to reduce potential legal liability. Park…
Noah Perlman, the Chief Compliance Officer of Binance, has confirmed that he will continue working at the cryptocurrency exchange despite the recent regulatory problems and executive resignations. Perlman’s decision comes after other top executives, such as general counsel Han Ng and CSO Patrick…
BRICS Nations Announce New Currency Pegged to Commodities At the BRICS summit on August 22, a new currency is set to be announced, which will be pegged to commodities, specifically gold. This comes as central banks worldwide have been buying record amounts of…
The Bureau of Labor Statistics to Release Nonfarm Payrolls Report for June Bitcoin (BTC) has rebounded while Asian stocks have fallen as investors eagerly await the release of the U.S. nonfarm payrolls report for June. After the ADP report showed better-than-expected private-sector hiring…
The Innovation Center of the Federal Reserve Bank of New York (NYIC) completes successful proof-of-concept The NYIC has successfully completed its proof-of-concept of a regulated liability network (RLN) in collaboration with nine financial institutions and the Swift network. The project used distributed ledger…
Title: Worldcoin’s Ambitious Mission to Create a Global Identity Register Introduction: Sam Altman, CEO of OpenAI and co-founder of ChatGPT, is also the co-founder of Worldcoin. This crypto project aims to pair a Minority Report-style retina scanning device with a token for global…
Major Security Breach in Multichain: User Tokens Worth $130 Million Affected – Developers of cross-chain router Multichain have confirmed an exploit that resulted in the loss of $130 million worth of user-supplied tokens. – Users are advised to suspend the use of Multichain…
In Wake of Asset Outflows, Multichain Warns Users to Refrain from Using Services In response to alarming asset outflows, Multichain, a cross-chain bridge platform, has advised its users to avoid using its services. The outflow involved a significant amount of crypto assets being…